Credit card settlement
Debt problems happen to nearly everyone at some point in their life ... that you have made with the creditor or collection agency. Debt consolidation is a popular way of dealing ... card and you are unable to clear your debt. So you can get advice for credit card settlement [more...]
Date: 2008-11-20 04:10:51
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Sprint ETF Settlement a Raw Deal for Consumers: How you can (easily) fight back
Sprint recently settled an Early Termination Fee (ETF) class action suit ... $25 credit on that debt, if Sprint has already sold the debt to a third-party (collection agency ... . And, it’s quite broad, covering customers from 1999 all the way to 2008. The settlement makes [more...]
Date: 2009-01-06 16:23:10
Fighting Debt Collectors
by John Cooper When you are being contacted by debt collectors it can be very aggravating ... to just sell your account to another collection agency if you request validation. This will result ... . If the debt is valid then we suggest you settle it. This is done through a settlement letter [more...]
Date: 2009-01-05 22:19:19
Sprint ETF Settlement a Raw Deal for Consumers: How you can (easily) fight back (Updated)
Sprint recently settled an Early Termination Fee (ETF) class action suit ... $25 credit on that debt, if Sprint has already sold the debt to a third-party (collection agency [more...]
Date: 2009-01-05 10:30:45
Fool-Proof 3 Step Formula That Reveals Best Time To Refer An Unpaid Account To A Debt Collector
by Angelo Ioanides A common dilemma for business owners worldwide is knowing when to stop chasing unpaid accounts in-house and hand them over to a debt collection agency. In reality you’re torn between trying to save money and customers chasing account yourself whilst being mindful not to hold on to those accounts for so long that they become virtually impossible to recover. Hence, there’s a threshold where the cost of chasing a debt yourself actually exceeds the costs of using a debt collector. [more...]
Date: 2009-08-22 11:35:09
Forgiven Debt Isn't Really Forgiven At All
By Kate Luther If you've been struggling with the rest of the economy, chances are you've been forced to rethink your financial priorities. And as a result, credit cards are often the first thing to go. The good news is that once you get behind, many credit card companies will offer to "settle" your account, some for as much as just 40% of your original balance. And if you're looking at a large chunk of credit card debt, making it go away for 40% of its value sounds like a pretty good deal. [more...]
Date: 2009-09-22 13:00:09
Stop Creditor Harassment
Many of us a knockings from creditors and think it’s high time we knocked down the debts. We are accountable to the creditor who gave us credit believing that we will pay the debt on time. Due to some conditions we find ourselves behind the bill. And wake when the creditor or some collection agency reports us. We could have written the creditor about reduction of debt or an extension of payment period, well before. It’s not good to remain like a nice guy, and not responding to your creditor. [more...]
Date: 2009-08-17 03:10:24
5 Tips to Ensure Success in a Debt Management Program
In the United States, a debt management plan is usually offered by a credit counseling agency or a debt relief company to people who need financial advice and guidance to pay off their debts. Under this plan, the professionals assist the debtors to obtain lower interest rates on their debts through proper negotiation processes with the creditors. Can this plan be 100% successful? Not really. Here are some important tips you must take note in order to ensure the success of this particular plan. [more...]
Date: 2009-09-25 07:16:41
Due To New Credit Card Reforms, It Is Rougher To Give College Students Credit Cards
Due to the latest credit card alterations that are starting up next year, card issuers will have a strenuous time getting teenagers on college campuses to apply for credit cards without their parents’ knowledge. As students arrive on campus, card issuers will be there to meet them at many schools. “Issuers will try to continue to market to college students between now and the time the legislation takes effect,” said Bill Hardekopf, chief executive of LowCards.com, a site that tracks cards. [more...]
Date: 2009-09-14 17:33:16
Recovering from Neoliberal Disaster: Why Iceland and Latvia Won’t (and Can’t) Pay the EU for the Kleptocrats’ Ripoffs By Prof. Michael Hudson
17 August, 2009 — Global ResearchCan Iceland and Latvia pay the foreign debts run up by a fairly narrow layer of their population?The European Union and International Monetary Fund have told them to replace private debts with public obligations, and to pay by raising taxes, slashing public spending and obliging citizens to deplete their savings.Resentment is growing not only toward those who ran up these debts – Iceland’s bankrupt Kaupthing and Landsbanki with its Icesave accounts, and heavily [more...]
Date: 2009-08-22 16:39:26
Uncrunch – Snowflaking
The first think you head when you look into paying off debt is make more money. Most of us are already doing the best we can. You probably have also heard of snowballing. This is where you finish paying off one debt and apply the payment you were making towards that paid off debt to a new debt in addition to what you have already been paying. However, in these economic times, you may really need that $20. Over the past couple of years, I have done quite a lot of research into debt management. [more...]
Date: 2009-09-17 19:17:53
Consider All Debt Settlement Information Before Making a Decision
by Chris Blanchet When folks are heavily indebted to credit card companies and find they are unable to repay their entire debt, they will often seek debt settlement information as this not only provides an alternative to bankruptcy but can provide debt relief. How Debt Settlement Works In debt settlement, the credit card company or collection agency will settle for a reduce balance, usually thirty-five to fifty percent of the original debt. [more...]
Date: 2009-08-13 07:14:04
Recovering from Neoliberal Disaster: Why Iceland and Latvia Won’t (and Can’t) Pay the EU for the Kleptocrats’ Ripoffs by Prof. Michael Hudson
by Prof. Michael HudsonGlobal Research, August 17, 2009Can Iceland and Latvia pay the foreign debts run up by a fairly narrow layer of their population?The European Union and International Monetary Fund have told them to replace private debts with public obligations, and to pay by raising taxes, slashing public spending and obliging citizens to deplete their savings.Resentment is growing not only toward those who ran up these debts – Iceland’s bankrupt Kaupthing and Landsbanki with its Icesave [more...]
Date: 2009-08-17 18:41:21
Fool-Proof 3 Step Formula That Reveals Best Time To Refer An Unpaid Account To A Debt Collection Agency
Fool-Proof 3 Step Formula That Reveals Best Time To Refer An Unpaid Account To A Debt Collection Agency by Angelo IoanidesA common dilemma for business owners worldwide is knowing when to stop chasing overdue accounts in-house and hand them over to a debt collection agency. In reality you’re torn between trying to save money and customers chasing account yourself whilst being mindful not to hold on to those accounts for so long that they become virtually impossible to recover.As such, [more...]
Date: 2009-08-17 06:03:25
Restore Your FICO Score – Part Two
In our last post, we covered how to begin the process of restoring your FICO score, as well as how changes can affect this score. Now that you are ready to begin, there are a few steps that you will need to take. Many of these steps require diligence on your part and a little hard work. However, they can result not only in a higher FICO score, but also lower interest rates on loans, and a higher chance of getting approved for loans in the future. [more...]
Date: 2009-09-27 23:46:13
Understanding Debt Settlement Information
by Chris Blanchet When folks are heavily indebted to credit card companies and find they are unable to repay their entire debt, they will often seek debt settlement information as this not only provides an alternative to bankruptcy but can provide debt relief. Debt Settlement Explained In debt settlement, the credit card company or collection agency will settle for a reduce balance, usually thirty-five to fifty percent of the original debt. [more...]
Date: 2009-08-17 14:10:31
Find Out What Debt Validation Means And Why It’s Important
Imagine getting a phone call or a knock on the door, and when you answer it, a person called Victor says that he been authorized by someone name Joe to collect a debt that you owe him, and it’s true that you do owe somebody called Joe some money. Even if you had the money, and knew that you owed it, would you pay this new person on the scene? I’m pretty sure that you wouldn’t even consider for a moment giving Victor any money, until you were 100% sure that he was really acting on Joe’s behalf. [more...]
Date: 2009-09-26 20:20:24
Floatin' Powa News Service: Better Run Through The Jungle...
Poll: 70% of Americans see Israel as US friend This is how we treat a friend? Iraqi PM to visit Syria for security talks Oh I feel more secure already. US military delegation starts visit to Syria A U.S. military delegation arrived in Damascus on Wednesday to hold talks with Syrian officials on the possibility of cooperation on regional issues, the independent Syria-News website reported. The visit has bee confirmed by U.S. [more...]
Date: 2009-08-15 15:18:00
How to Consolidate Credit Cards
When you find yourself struggling to make even the minimum payments on your credit cards, it is likely a red flag that you need to act quickly to prevent default at some point in the future. Consolidation of credit cards is a popular way to regain control of your credit card debts but there are several options for consolidating. Depending on your financial capabilities, at least one of the following debt consolidation options may work for you. [more...]
Date: 2009-08-19 06:00:00
Junk Debt Buyers Do Things The Original Lender Never Would
By Michael Redbourn The whole business of buying junk debts has a grubby feel to it, because the people that buy the debts, do so knowing that in order to make big money from their purchases, that they'll have to hound people whose lives have already become wretched. Debts are sold at auctions for often as little as five cents on the dollar, because the debts would be almost impossible to collect, in ways that are open to high profile lenders. [more...]
Date: 2009-08-15 15:02:57
The Perfect Storm
I bet you can name at least 1 person you know first hand that has more revolving debt than they can hope to pay off in the next 5 years... Couple this with the fact that the odds are really good that the person you're thinking of has had their credit file, or some portion thereof, stolen in the past year or so and you have the following situation. 7:00pm, Residence of John Debtor {phone rings} "Hello?" "Hello Mr. Debtor, this is Mr. [more...]
Date: 2009-09-08 16:08:00
Vehicle Repossession: How To Pay The Deficiency Balance
Amazon.de Widgets When you finance or lease a vehicle, your creditor or lessor has important rights that end once you’ve paid off your loan or lease obligation. These rights are established by the contract you signed and the law of your state. For example, if you don’t make timely payments on the vehicle, your creditor may have the right to “repossess” — or take back your car without going to court or warning you in advance. [more...]
Date: 2009-09-22 04:20:47
Loans and Credit Scores
August 31, 2009 | By James Pynn In Finance | by James PynnShould you need a loan, whether it’s a home or car loan, your credit score can make or break your chances of getting it. That one little number that is your credit ranking will tell a potential lender whether you are a golden applicant for a loan or whether they should be concerned about your ability to repay the money you borrow. For the most part, credit scores fallen somewhere between 375 and 900. [more...]
Date: 2009-08-31 14:50:41
Credit Rankings Are Important
If you find yourself needing a loan, whether it’s a home or car loan, your credit score can make or break your chances. That one little number that is your credit ranking will tell a potential lender whether you are a golden applicant for a loan or whether they should be concerned about your ability to repay the money you borrow. For the most part, credit scores fallen somewhere between 375 and 900. A score of 900 is the highest and qualifies you for any loan. Period. [more...]
Date: 2009-08-31 14:50:09
Discover How To Make The Best Deals With Original Creditors
By Michael Redbourn There are lots of articles around that explain how to talk or not talk to debt collectors and many people think that they should handle negotiations with the original creditor in the same way, and that's absolutely wrong. The original lender doesn't have to help you at all, but if you handle the negotiations in the right way you might save yourself around 45% of your total debt, and you might get the very best comment on your credit report too. [more...]
Date: 2009-09-29 01:02:09
IRS offers help to financially strapped taxpayers
IRS officials say the agency is ready to help the many taxpayers who are facing extraordinary financial difficulties this year and unable to pay ... : Postpone collections: IRS employees will have greater authority to suspend collection actions in certain ... problem, IRS staff may be able to suspend collection without documentation to minimize burden [more...]
Date: 2009-01-07 20:19:58
Domestic Support Obligations in the Bankruptcy Code
by Alan Alder Domestic support obligations constitute a very important type of debt in bankruptcy law. It is important to know what constitutes such an obligation in determining the effect filing bankruptcy will have on you. It does not matter when a domestic support obligation became due according to the bankruptcy code. The obligation could have arose before, on, or after the filing of a bankruptcy petition. Interest will be considered part of the obligation as well. [more...]
Date: 2009-08-13 11:23:29
Environmental Federal Register, Vol. 74, No. 4, January 7, 2009
Readers & Subscribers: Please see the Readers Note in the right column. We are still hoping to identify corporate sponsors to help in continuing this public service. We will display your company banner ad for a modest contribution. If you are interested or have suggestions, please contact us at: info@ecobizport.com.Federal RegisterVol. 74, No [more...]
Date: 2009-01-07 12:13:00
Loans and Credit Scores
If you find yourself needing a loan, whether it’s a home or car loan, your credit score can make or break your chances. That one little number that is your credit ranking will tell a potential lender whether you are a golden applicant for a loan or whether they should be concerned about your ability to repay the money you borrow. For the most part, credit scores fallen somewhere between 375 and 900. A score of 900 is the highest and qualifies you for any loan. Period. [more...]
Date: 2009-08-31 14:44:53
Statute of Limitations for Credit Card Debt
by Kathy Cromwell Different laws apply in each state in terms of the statute of limitations on credit card debt. The range could be anywhere from three years to ten years with a portion of the states maintaining a longer period for the statute of limitations on credit cards. The consumer is protected by the laws that are in effect, not credit card companies. This means the collection of credit card debt is not able to star the process of suing over the debt after the passing of a statute of limitations. [more...]
Date: 2009-08-22 10:32:46
Gates of Vienna News Feed 11/12/2008
Some headlines to look at:“Muslim Killed Catholic Girl in Love With Flatmate”“London Fundraisers Linked to Stoning of 13-Year-Old”“Possibly Tens of Thousands of Somalis in the US Illegally”“New Anti-Christian Attack in Mosul, Two Sisters Killed”But then there’s this:“Denmark: Ready to Ban Headscarves for Judges”So it’s not all bad news [more...]
Date: 2008-11-13 04:52:00
Domestic Support Obligations in Bankruptcy
by Alan Alder Federal bankruptcy law recognizes an important class of debts known as domestic support obligations. In considering filing for relief under the bankruptcy code it is important to determine what constitutes a domestic support obligation and its potential effect on your bankruptcy. The timing of a domestic support obligation is unimportant under the bankruptcy code. A domestic support obligation can arise before, during, or after the filing of a bankruptcy. [more...]
Date: 2009-08-13 11:28:38
Bankruptcy and Domestic Support Obligations
by Alan Alder Federal bankruptcy law recognizes an important class of debts known as domestic support obligations. In considering filing for relief under the bankruptcy code it is important to determine what constitutes a domestic support obligation and its potential effect on your bankruptcy. The timing of a domestic support obligation is unimportant under the bankruptcy code. A domestic support obligation can arise before, during, or after the filing of a bankruptcy. [more...]
Date: 2009-08-13 11:26:00
Mushroom Cloud over Wall Street By Mike Whitney
Dandelion Salad By Mike Whitney 09/22/08 “ICH“ “One bank to rule them all; One bank to bind them…” These are dark times ... are non-reviewable and committed to agency discretion, and may not be reviewed by any court of law or any administrative agency.” Right; “non-reviewable” supremacy. Congress, of course [more...]
Date: 2008-09-23 02:29:12
5 Things to Never Say to a Debt Collector
I'm pleased to publish this guest post from my pal Jonathan over at Master Your Card: Dealing with a debt collector is hardly ever pleasant, ... you do this you won't hear from the collector until the debt heads to court or the collection agency just gives ... me alone." According to the Fair Debt Collection Practices Act, you can demand that a collector [more...]
Date: 2008-11-26 04:24:53
So you can cut taxes and boost services
The following press release has just been sent out by Conservative run Hammersmith and Fulham Council in London: ... debt. More than £13 million of red tape is being cut in 2009/10 by reducing staff numbers, office space ... Grant settlement (RSG) which sets out central government funding for local authorities in 2009/10 [more...]
Date: 2008-11-26 12:18:52
Domestic Support Obligations in Bankruptcy
Domestic Support Obligations in Bankruptcy by Alan AlderDomestic support obligations are a certain class of debts recognized by bankruptcy law. Knowing what is a domestic support is important in evaluating the effects bankruptcy will have on you.Under the bankruptcy code it does not matter when the domestic support obligation became due. It can be a debt that accrued before you filed bankruptcy or after you filed bankruptcy. [more...]
Date: 2009-08-13 11:26:29
Authorized Users, Debt Settlement and Negotiating When You’re Unemployed
One of our readers, Jaclyn, had this question for us: If I removed an authorized user from an account, ... amount and attempt to settle your debt. However, most companies do not like to tackle debt settlement ... the offer to the collection department. Just be aware that if you do go past due in order to settle [more...]
Date: 2009-01-09 15:16:56
Should I Declare Bankruptcy?
One of our readers, Alicia, asked: I have one Credit Card debt with a balance of $15,000 can not pay the Min amount they want like 3, ... then to have to file Bankruptcy and they get no money it’s all i can sent (not only Debt i have) should ... of my debt within the next 5 - 7 years? There are two reasons for the 5-7 year question. The first [more...]
Date: 2008-11-19 13:59:48
Can a Creditor Collect on Discharged Debt?
Original creditors and collection agencies will often collect on discharged debt, debt absolved by bankruptcy, and even debt that’s been settled. This is debt that can’t legally be collected on via a civil court judgment. However, collection agencies won’t let a little thing like your legal rights stand in the way of their profits. See also [more...]
Date: 2009-01-03 02:57:25
What is Debt Settlement ?
With the rising financial strain on many consumers, arrears in repaying outstanding debt can prove to be overwhelming ... amount). Debt settlement should be considered if one is in arrears in their debt repayment. Be it credit card debt, personal loan, home mortgage or store accounts, debt settlement may be the sole option [more...]
Date: 2009-01-04 18:24:04
Get Out Of Credit Card Debt And Enjoy A Less Stressful Life
Far to many residents here in the United States are being negatively hurt by this horrible recession we are going through ... and that is credit card debt settlement. This process will allow the debtor to save a enormous sum ... on their credit cards. Plus you will see that with debt settlement becoming free of debt can occur very [more...]
Date: 2009-01-07 19:05:16
Recovering from Neoliberal Disaster: Why Iceland and Latvia Won’t (and Can’t) Pay the EU for the Kleptocrats’ Ripoffs
By Professor Michael Hudson August 17, 2009 Can Iceland and Latvia pay the foreign debts run up by a fairly narrow layer of their population? The European Union and International Monetary Fund have told them to replace private debts with public obligations, and to pay by raising taxes, slashing public spending and obliging citizens to deplete their savings. [more...]
Date: 2009-08-17 16:26:00
debt negotiation
Amazon.de Widgets Reduce your debt and pay it off fast If you’re unable to pay off debt simply by cutting down your expenses or consolidating bills into a single monthly payment, debt negotiation is what you may need.What is debt negotiation? Debt negotiation or debt settlement is all about negotiating with your creditors or collection agencies (CAs) in order to reduce your outstanding debt balance. [more...]
Date: 2009-09-16 19:28:56
Repairing Your Credit
We’ve all seen them. “Send me 99.95 and I’ll fix your credit and you can get a one million dollar credit card tomorrow ... your credit. It is not meant in any way to be legal advice. We will discuss several things in this article such as how credit works, paying or settling debts, credit repair companies, and establishing new [more...]
Date: 2009-01-12 01:08:35
Excellent Article Summarizing Many Areas of Foreclosure Litigation
Current Trends in Residential Mortgage Litigation BYLINE: Daniel A. Edelman*; *DANIEL A. EDELMAN is the founding partner of Edelman & Combs, of Chicago, Illinois, a firm that represents injured consumers in actions against banks, mortgage companies, finance companies, insurance companies, and automobile dealers. Mr [more...]
Date: 2008-11-29 23:50:20
Collection Agency Scare Tactic: We’ll Get Your Driver’s License Suspended
Collection agencies never seem to have enough tricks up their sleeves for scheming and lying to debtors. Most recently, it was brought to my attention by a reader that a collection agency had threatened to have his Washington State Driver’s License suspended if he didn’t satisfy a debt. Considering [more...]
Date: 2009-01-05 00:12:32
How To Deal With Debt Collectors
by John Cooper Phone calls and other communications from debt collectors can be incredibly frustrating ... from another debt collector. Instead I suggest you hire a credit repair firm to dispute and remove the bad ... is multiplied when the debt they are calling you about is not yours or is due to a mistake [more...]
Date: 2008-12-18 16:58:13
How to Settle Credit Card Debt
It seems like every time we turn on the TV and watch the news we hear something else concerning a downturn in the economy ... card debt settlement is an option that you may be able to take if you have long outstanding credit card debts where you are not making the monthly payments. What Is Discounted Debt Settlement [more...]
Date: 2008-12-24 14:49:00
Debt Settlement Is A Solution To End Your Financial Problems
by katie George Are you constantly hoping it is not another creditor calling you, every time you hear the phone ring? ... about relieving some of the stress that comes with knowing you are in debt? Debt settlement is a solution that can ease your financial pain. Maybe you have heard of the term “debt settlement” but you aren’ [more...]
Date: 2009-01-04 19:44:39
